Mixed-Use
2743 North Western Ave
2743 N Western Ave, Chicago, IL 60647
Listing Price: $3,300,000
Investment Overview
Situated in the highly desirable northern portion of Bucktown, 2743-2753 N. Western Avenue benefits from exceptional visibility and access at the convergence of Western Avenue, Diversey Avenue, and Elston Avenue—one of the area’s most active commercial intersections. This dynamic corridor experiences significant vehicular and pedestrian traffic, supporting strong retail demand and long-term neighborhood growth. Bucktown continues to attract a diverse mix of residents, retailers, and investors due to its proximity to downtown Chicago, established dining and retail scenes, and continued residential development, making it a prime location for mixed-use investment opportunities.
The offering consists of a well-maintained mixed-use asset featuring four updated residential apartments, with the opportunity to convert one unit back to a 2 Bed 1 Bath layout as well as two established retail tenants, and a billboard generating additional income. The retail component is anchored by Hyun’s Hapkido & Tae Kwon Do, a longstanding neighborhood institution that has operated at the property for over 55 years. Current owner operates the School and will enter into a six month lease at close of escrow. The second retail tenant, Boulevard Bistro, complements the asset with local dining appeal. With a balanced unit mix, stabilized tenancy, and multiple income streams, the property presents a compelling opportunity for investors seeking durable cash flow in a high-demand Chicago submarket.
Investment Highlights
- Prime, Highly Visible Mixed-Use Asset in the Northern Portion of Bucktown, Offering Strong Street Presence and Consistent Foot Traffic
- Situated in a High-Demand Rental Market with a Well-Balanced, Desirable Unit Mix that Appeals to a Broad Tenant Base
- Meaningful Rental Upside with Current In-Place Apartment Rents Being Approximately 20 Percent Below Market
- Well-Maintained Asset with Long Term Ownership
Exclusively Listed By
Listing Price: $3,300,000
Investment Highlights
- Prime, Highly Visible Mixed-Use Asset in the Northern Portion of Bucktown, Offering Strong Street Presence and Consistent Foot Traffic
- Situated in a High-Demand Rental Market with a Well-Balanced, Desirable Unit Mix that Appeals to a Broad Tenant Base
- Meaningful Rental Upside with Current In-Place Apartment Rents Being Approximately 20 Percent Below Market
- Well-Maintained Asset with Long Term Ownership
Investment Overview
Situated in the highly desirable northern portion of Bucktown, 2743-2753 N. Western Avenue benefits from exceptional visibility and access at the convergence of Western Avenue, Diversey Avenue, and Elston Avenue—one of the area’s most active commercial intersections. This dynamic corridor experiences significant vehicular and pedestrian traffic, supporting strong retail demand and long-term neighborhood growth. Bucktown continues to attract a diverse mix of residents, retailers, and investors due to its proximity to downtown Chicago, established dining and retail scenes, and continued residential development, making it a prime location for mixed-use investment opportunities. The offering consists of a well-maintained mixed-use asset featuring four updated residential apartments, with the opportunity to convert one unit back to a 2 Bed 1 Bath layout as well as two established retail tenants, and a billboard generating additional income. The retail component is anchored by Hyun’s Hapkido & Tae Kwon Do, a longstanding neighborhood institution that has operated at the property for over 55 years. Current owner operates the School and will enter into a six month lease at close of escrow. The second retail tenant, Boulevard Bistro, complements the asset with local dining appeal. With a balanced unit mix, stabilized tenancy, and multiple income streams, the property presents a compelling opportunity for investors seeking durable cash flow in a high-demand Chicago submarket.
Exclusively Listed By